Loading...
•
Dec 31, 2022
Post Q1 2023 Earnings Report
Reported results for the first fiscal quarter ended December 31, 2022 and Raised fiscal year 2023 outlook.
Key Takeaways
Post Holdings reported a strong first quarter with net sales of $1.6 billion and a significant increase in operating profit and net earnings. The company raised its fiscal year 2023 Adjusted EBITDA guidance to $1,025-$1,065 million.
First quarter net sales reached $1.6 billion.
Operating profit was $149.9 million, and net earnings from continuing operations totaled $91.9 million.
Adjusted EBITDA for the first quarter was $269.9 million.
Fiscal year 2023 Adjusted EBITDA guidance raised to $1,025-$1,065 million.
Post
Post
Post Revenue by Segment
Revenue by Segment
Post Consumer Brands Revenue
CapyFin.comWeetabix Revenue
CapyFin.comFoodservice Revenue
CapyFin.comRefrigerated Retail Revenue
CapyFin.com Forward Guidance
Post management has raised its guidance range for Adjusted EBITDA to $1,025-$1,065 million and expects fiscal year 2023 capital expenditures to range between $275-$300 million.
Positive Outlook
- Adjusted EBITDA outlook for fiscal year 2023 raised to $1,025-$1,065 million.
- Capital expenditures are expected to range between $275-$300 million.
- Includes $75-$85 million investment in RTD shake manufacturing
- Includes $75-$85 million investment in precooked eggs
- Includes $75-$85 million investment in cage-free eggs
Challenges Ahead
- Significant volatility in the cost or availability of inputs to Post’s businesses.
- Disruptions or inefficiencies in Post’s supply chain.
- Post’s high leverage and ability to service its outstanding debt.
- Changes in economic conditions and disruptions in the U.S. and global capital and credit markets.
- The impacts of public health crises (including the COVID-19 pandemic).
Revenue & Expenses
Visualization of income flow from segment revenue to net income